BMT Funding Rate — live across 5 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized BMT perpetual funding across all 5 venues Perpia tracks. Right now BMT funding is positive on 4 and negative on 1, ranging from +10.9% on KuCoin to -107.9% on Bybit — a spread of 118.9%. The widest delta-neutral trade is long Bybit / short KuCoin at 114.1% net APR.
BMT funding rate by venue
6 pairs scannedRates annualized; updated ~every few minutes from live venue data.
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BMT funding — FAQ
Is BMT funding positive right now?
BMT perpetual funding is positive on 4 of 5 venues Perpia tracks and negative on 1. The highest is +10.9% on KuCoin; the lowest is -107.9% on Bybit.
What is the best BMT funding arbitrage right now?
Go long Bybit and short KuCoin for about 114.1% net APR after fees — the widest delta-neutral BMT spread Perpia currently sees.
Which exchange has the highest BMT funding rate?
KuCoin, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How BMT funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.